cboe futures also closed today, not sure it was a stupid sell off https://www.marketwatch.com/investing/future/bitcoin futures cboe
Yeah I'm not worried as I'm someone who's in for the long haul, but it would have been nice to be able to either save some fiat or get more units by doing it this morning instead of last night haha First time I've added in ages too - was about 3 hours too early on the buy
WHen did XRP overtake ETH on marketcap? I do not look every day anymore and today i had a look and there it is #1 Bitcoin #2 XRP #3 Eth. Crazy stuff.
Some really good points raise all round again. TreasureHunters extensive list would take pages with Shinny's replies the same. Still, they all are good points raised In defence, the argument for a store of value needs to be physical I think does stand up when it comes to money/currency. Be it shells, metal disks or some other needed resource (water,food,etc), they have all been in a physical form. Perhaps it's based on a human nature to stack and store his/her death in a physical form. Paper assets (are on the most) a claim cheque on some underlying asset (eg stock, bond, gold backed currency, deed to property, etc) and therefore have been given value over the decades The question of an emotion, like love, not having any value is only applicable to one/two individual(s) and doesn't have a 'value' to a wider audience (namely for the subjective reasons). If emotions could be transferred to a wider audience, then there would likely me some type of market (who doesn't want a little extra love?lol) The Bitcoin 'dream' of a peer to peer payment platform (decentralised system) IMHO have been hijacked by greedy speculation, ICO criminals, outlandish advertising and blatant theft from exchanges. For the few in cryptocurrencies who really believe in the 'dream', wont get to see it for the above reasons. Getting a $250k SEC fine after making millions becomes a joke. No deterrent will keep the bad behaviour going and less likely achieve a collective wider acceptance
Just a constant downwards path until it gets down to the $100 billion MK range. Not sure why there is so much resistance to that idea.
Agree. What's the process behind this figure? Or is it just what you'd like it to be? That really makes your opinion worth no more than saying BC will be worth one million by such and such date.
i said $100 billion range. Its impossible to give an 100% figure, that's why i gave a range where it should correct to.
First I've been saying this before the bubble popped. So it's not something i just started saying after it all went to shits. The price range is not something i pulled out of thin air. I picked that range for two reasons. 1. it's the range before crypto's went into an highly irrational bubble FOMO phase, so for me the $100B range showed me a more stable true value. 2. The $100B range would be a price point where a lot of people would be breaking even or at a loss and most will not be bothered selling and just hold. This will create a strong base and i feel will not drop further. At above $100B range a lot of people will still be up in value and will be happy to sell off and make a profit.
I sure wish I could fork my gold and silver stores the way that BitCoin gets forked. That would be cool.
"I sure wish I could fork my gold and silver stores the way that BitCoin gets forked. That would be cool." Would be cool but not if every other resource drops in symphony or concerns over your split. It's a far more intertwined market then I first realized.
Good news for people doing gaming or rendering is with massive over supply of GPU's, prices should come down a lot. GPU prices was getting out of control. In 2011 the top of the line gaming GPU cost about $600, now it cost $1200.
Is it really "capitulation" or just a case of reality taking hold? Come on now , we are talking about code here are we not?